Who remembers when Soundcloud started or how you heard about it? Probably no one — all you know is a friend of a friend told you about this great place online where you could listen to artists awesome music for free, nada, cinch, zero. Well, founders Alex Ljung and Eric Wahlforss, now have five offices around the world in leading cities London, New York, San Francisco. In their latest funding round, the company raised $60 million, raising their worth to $700 million, according to the Wall Street Journal. Talk about ROI. Institutional Venture Partners and the Chernin Group are the forces behind the investment. “SoundCloud’s similarities to YouTube and its international reach were among the reasons they decided to invest,” said Institutional Venture Partners about their decision.
